Press release
Virology Specimen Collection Market: Growth Drivers, Key Players, CAGR, and Market Size in 2024 and 2025
"Seize opportunities driven by escalating growth in the Virology Specimen Collection Market, growing annually at a CAGR of 5.7%, ballooning to $6.98 billion in 2025.What Is The Projected Market Size Of The Global Virology Specimen Collection Market And Its Growth Rate?
The Virology Specimen Collection Market size has seen substantial growth primarily attributed to disease outbreaks and pandemics, quality assurance and regulation, and the rise in remote and home testing.
• Market size grew from $6.6 billion in 2024 to $6.98 billion in 2025 (CAGR of 5.7%)
• The expected market size by 2029 is $8.84 billion (CAGR of 6.1%)
The future growth momentum will likely be driven by factors like global health preparedness, surveillance and monitoring programs, and the proliferation of rapid diagnostic tests.
What Is Driving The Growth In The Virology Specimen Collection Market?
The surge in blood donations globally is propelling the virology specimen collection market. Increase in blood samples calls for enhanced examination and detection of viruses, boosting the need for virology specimen collection. According to the World Health Organization (WHO), about 118.54 million blood donations were collected worldwide in June 2023. 40% of these were collected in high-income countries, constituting about 16% of the world's population. Approximately 13,300 blood centers in 169 countries reported collecting a total of 106 million donations, buttressing the burgeoning demand for virology specimen collection.
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Who Are the Key Players Driving Virology Specimen Collection Market Growth?
Noteworthy players influencing the Virology Specimen Collection Market include:
• Puritan Medical Products Co. LLC
• Becton Dickinson and Company
• Quidel Corporation
• Thermo Fisher Scientific Inc.
• Trinity Biotech plc
• DiaSorin S.p.A.
• Vircell S.L.
• Copan Italia S.p.A.
• Hardy Diagnostics
• Luminex Corporation
• Abbott Laboratories
• BioFire Diagnostics LLC
What Are The Key Trends In The Virology Specimen Collection Market?
The Virology Specimen Collection Market sees the following trends:
• Rising popularity of self-collection kits
• Increased use of point-of-care specimen collection
• Integrated specimen collection devices
• Digital health platforms, telemedicine and e-health
What Are The Segments Of The Global Virology Specimen Collection Market?
The virology specimen collection market segments are:
• By Product Type: Blood Collection Kits, Specimen Collection Tubes, Viral Transport Media, Swabs
• By Sample: Blood Samples, Nasopharyngeal Samples, Throat Samples, Nasal Samples, Cervical Samples, Oral Samples, Other Samples
• Method: Manual, Automated
• Application: Diagnostic, Therapeutic
Which Region Leads The Virology Specimen Collection Market?
North America dominated the virology specimen collection market share in 2024, yet Asia-Pacific is poised to be the quickest-growing region in the forecasted period. The report covers regions like Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Virology Specimen Collection Market Global Market Report?
- Market Size Analysis: Analyze the Virology Specimen Collection Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Virology Specimen Collection Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Virology Specimen Collection Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Virology Specimen Collection Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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